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Income Property Market Updates, Ottawa

Multi-Unit Residential Market, Sept. 06 2019: See how many income properties have sold this year so far, and find out the current average price for a smaller duplex or Triplex, compared with larger buildings with 5 or more apartments.

The average price for a smaller income property is now $801,126 up 18.6% & for a larger building it's $1,210,126, up 8.2% over last year

There have been 111 Multi-Unit Residential Properties sold in all of 2019

89 sales were smaller duplex, triplex and fourplex's, up 8.5% from 2018

22 sales were larger buildings with 5 or more units, up 22.2% over last year

Want to Buy a Multi-Unit Property

Have a look at the current inventory of all the Multi-Family Properties for Sale, and sign-up up to receive the newest listings as soon as they come on the market.

How long are Income Properties taking to sell?

Smaller Duplex, Triplex and Fourplex properties are taking 66 days to sell in 2019 so far, versus 64 days last year. Larger buildings with 5 or more units are taking 97 days to sell, versus 66 days last year

How much did sellers' get as a % of their list price?

Smaller buildings with 2-4 units achieved 98.2% of their list price and Larger buildings are selling for 94.2% of their list price.

Want to keep an eye on the Market?

Each month we update you with all the stats for Multi-Unit Residential Buildings, which includes Duplex, Triplex, Fourplex and Larger Apartment Buildings with 5 or more Units in them, visit this page each month for the newest video and report.

Apartment Buildings sold recently.

Curious how much certain types of income properties sell for in different neighbourhoods, below are some real-life sales, including the type of property, the asking and selling price as well as the neighbourhood and the number of days each building took to sell. For privacy reasons we cannot publish actual addresses.

Location

# Units

List Price

Sold For

Days to Sell

Britannia

Ahearn Ave.

5

$1,265,000

$1,230,000

103

Don Street

2

$649,900

$580,000

45

Priscilla St.

2

$499,900

$500,000

69

Carlington

Dover Cr.

6

$979,000

$979,000

34

Dover Cr.

6

$979,000

$979,000

41

Hollington St.

8

$1,369,000

$1,240,000

111

Stevenson Ave.

2

$614,900

$635,000

7

Centretown & Golden Triangle

Bronson Ave.

5

$579,900

$559,900

41

Argyle St.

3

$965,000

$945,000

35

Bronson Ave.

2

$569,000

$555,000

181

Florence St.

4

$995,000

$980,000

52

Florence St.

4

$1,175,000

$1,150,000

27

Florence St.

2

$469,900

$430,000

84

Frank Street

2

$599,000

$530,000

40

Lyon St.

4

$524,000

$514,000

117

Macdonald St.

4

$1,100,000

$1,030,000

2

Waverley St.

6

$1,549,000

$1,350,000

20

Waverley St.

3

$1,098,000

$1,311,777

7

Flora St.

2

$709,900

$715,000

9

Gilmour St.

3

$779,000

$750,000

50

Glebe

Clarey Ave.

3

$769,900

$800,000

11

Oaland Ave.

4

$1,498,000

$1,250,000

39

Powell Ave.

6

$2,150,000

$2,100,000

36

First Ave.

3

$1,125,000

$1,070,000

37

Fourth Ave.

3

$1,199,000

$1,510,000

7

Fourth Ave.

3

$1,095,000

$1,000,000

9

O'Connor St.

3

$1,199,000

$1,050,000

25

Hintonburg

Bayswater Ave.

5

$798,000

$750,000

35

Gladstone Ave.

5

$1,279,000

$1,260,000

31

Oxford St.

3

$699,900

$685,000

143

Spadina Ave.

2

$649,900

$622,000

16

Lowertown & Byward Market

Charlotte Street

5

$949,000

$910,000

58

Wurtemburg St.

7

$1,349,000

$1,265,000

87

McKellar Highland

Golden Ave.

3

$1,095,000

$1,075,000

37

Princeton Ave.

3

$1,095,000

$1,045,000

67

Mechanicsville

Carruthers Ave.

5

$570,000

$550,000

7

Forward Ave.

2

$329,900

$327,500

14

Old Ottawa South/Rideau Gardens

Riverdale Ave.

2

$779,000

$779,000

14

Overbrook & Castle Heights

Donald St.

3

$635,000

$640,000

23

Fullerton Ave.

2

$369,000

$368,500

16

Sandy Hill

Augusta St.

2

$949,900

$960,000

10

Blackburn Ave.

2

$479,000

$458,000

144

Cumberland St.

5

$720,000

$703,000

24

Goulburn St.

5

$950,000

$922,000

160

Vanier

Deschamps St.

6

$919,900

$870,000

142

Carillion St.

6

$750,000

$740,000

36

Carlotta Ave.

2

$525,000

$514,000

14

Deschamps Ave.

3

$419,900

$419,404

12

Desrosiers St.

4

$669,000

$642,000

36

Ethel St.

2

$279,900

$280,000

34

Frechette St.

4

$498,500

$460,000

100

Frechette St.

2

$414,900

$420,000

15

Granville St.

3

$429,900

$400,000

103

Kipp St.

2

$675,000

$662,750

85

Laval St.

2

$310,000

$297,000

156

Laval St.

3

$399,500

$385,000

179

Lavergne St.

3

$495,900

$500,000

57

Lebrun St.

4

$659,000

$649,000

154

Levis Ave.

3

$765,000

$760,000

8

Marier Ave.

4

$1,250,000

$1,177,000

643

Montfort St.

3

$399,000

$394,000

10

Montfort St.

3

$339,900

$322,500

516

Richeleau Ave.

2

$412,000

$400,000

19

Shakespeare St.

3

$388,800

$389,900

29

Shakespeare St.

4

$949,900

$900,000

230

Vachon Ave.

3

$519,900

$490,000

20

Westboro & Hampton Park

Churchill Ave.

2

$685,000

$670,000

55

Currell Ave.

2

$630,000

$630,000

22

Kirkwood Ave.

3

$759,000

$727,000

19

Tweedmuir Ave.

3

$619,900

$605,000

345

West Centretown

Bell Street

4

$799,900

$780,000

7

Cambridge St.

34

$1,525,000

$1,400,000

60

Cambridge St.

5

$2,195,000

$2,030,000

132

George St.

2

$699,900

$704,000

101

Arthur St.

6

$699,000

$699,000

5

Poplar St.

2

$575,000

$580,000

34

Poplar St.

2

$575,000

$535,000

43

Railway Street

2

$459,900

$459,900

5

In the table above, you can see that the most expensive sales are happening in The Glebe, Lindenlea and Old Ottawa East. These are nicer neighbourhoods where you are likely to attract a more Professional person to rent. You might have a lower Cap Rate, but you are more likely to actually collect your rent and get it on time